Certain Transfers of Property to Regulated Investment Companies [RICs] and Real Estate Investment Trusts [REITs]
other · IRS · Rule · Published 2003-03-18 · Effective 2003-03-18 · 68 FR 12817
Document
Document number
03-6221
Federal Register citation
68 FR 12817
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2003-03-18
Effective date
2003-03-18
Treasury docket
TD 9047
Abstract
This document contains final regulations that apply to certain transactions or events that result in a Regulated Investment Company [RIC] or a Real Estate Investment Trust [REIT] owning property that has a basis determined by reference to a C corporation's basis in the property. These regulations affect RICs, REITs, and C corporations and clarify the tax treatment of transfers of C corporation property to a RIC or REIT.